Current:Home > InvestTNT sports announces it will match part of new NBA rights deal, keep league on channel -AssetVision
TNT sports announces it will match part of new NBA rights deal, keep league on channel
View
Date:2025-04-21 07:06:17
TNT Sports announced Monday that they will invoke a matching clause in its current rights deal with the National Basketball Association to retain some of its broadcast rights after its current contract ends after the 2024-2025 season.
TNT announced the move in a post on X, formerly Twitter, saying the move will, "allow fans to keep enjoying our unparalleled coverage, including the best live game productions in the industry and our iconic studio shows and talent."
TNT is the home of Inside the NBA, which is widely recognized as one of the best studio shows in sports.
USA TODAY reported earlier this month that the Association was reviewing a combined 11-year deal from Disney (ABC/ESPN), NBC and Amazon, worth approximately $76 billion.
The NBA did not immediately respond to a request for comment.
2024 Paris Olympics:LeBron James is named one of Team USA's flag bearers for Opening Ceremony
Turner reportedly matches part of Amazon package
Front Office Sports reported that TNT is aiming to take Amazon's "C" package estimated at $1.8 billion dollars and includes a conference final every other year, weekly broadcast rights, WNBA rights and early round playoff game broadcasts.
Turner did not name which contract it intended to match in its statement and did not respond to a request for further comment.
The Amazon contract included, according to The Spots Business Journal, a "poison-pill" where the value of the first three years — approximately $5.85 billion — of the deal would be placed in escrow. The Journal reported that WBD, the parent company of TNT Sports, would be able to cover the cost.
veryGood! (1787)
Related
- California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
- Louisiana authorities search for 2 escaped jail inmates
- Book Review: So you think the culture wars are new? Shakespeare expert James Shapiro begs to differ
- Negro Leagues' statistics will be incorporated into Major League Baseball’s historical records on Wednesday
- California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
- Who is getting part of Melinda French Gates’ $1 billion initiative to support women and girls
- New court challenge filed in Pennsylvania to prevent some mail-in ballots from getting thrown out
- The Best Squat-Proof Bike Shorts for Working Out, Wearing Under Dresses & More
- Why members of two of EPA's influential science advisory committees were let go
- Jason Kelce defends wife Kylie after commenter calls her a bad 'homemaker'
Ranking
- Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
- Melinda French Gates to donate $1B over next 2 years in support of women’s rights
- The Best Squat-Proof Bike Shorts for Working Out, Wearing Under Dresses & More
- NYC man accused of randomly punching strangers is indicted on hate-crimes charges
- NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
- Ryan Salame, part of the ‘inner circle’ at collapsed crypto exchange FTX, sentenced to prison
- Evaluation requested for suspect charged in stabbings at Massachusetts movie theater, McDonald’s
- MLB power rankings: Yankees, Phillies revive memories of long-ago World Series
Recommendation
The 401(k) millionaires club keeps growing. We'll tell you how to join.
Most AAPI adults think history of racism should be taught in schools, AP-NORC poll finds
Disaster declaration issued for April snowstorm that caused millions in damage in Maine
How one school district is turning to AI to solve its bus driver shortage
New Zealand official reverses visa refusal for US conservative influencer Candace Owens
Paris' famous Champs-Elysees turned into a mass picnic blanket for an unusual meal
Love Island USA Host Ariana Madix Has a Warning for Season 6's Male Contestants
Horoscopes Today, May 27, 2024